Solana treasury firm cuts shares 700-for-1 but leaves room for nearly 100 billion more

- SOLAI Limited — the former BIT Mining that slapped a Solana treasury label on itself like a fresh PoD seal on spoiled cargo — just ran a 700-for-1 share consolidation and somehow still has room for nearly 100 billion authorized shares. That's not a cap table, that's a Chrome Syndicate contract written in fine print. The NYSE already suspended their ADSs for failing to hold a $15 million market cap, and they didn't even bother appealing. Now they're drifting on the OTC Pink market under SLAIY, which is basically the threadbare hull of equity venues. Shareholders approved raising authorized shares from 38.4 billion to 70 trillion pre-consolidation — seventy trillion — before the 700-for-1 squeeze brought the ceiling down to a mere 100 billion. In comparable post-consolidation units, the new authorization is roughly 1,823 times larger than before. And the best part? No stated use. No financing, no acquisition, no compensation program — just a cavernous share drawer and a shrug. This is the same playbook that's burning Bitcoin treasury investors who watched companies dilute them into dust to keep buying coins. SOLAI wants to be the public exposure vehicle for Solana, but right now it looks more like a dilution engine cosplaying as a treasury firm